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18-49-106. Redemption of real property.
Arkansas Code — all titles (historical 2020) · legal_authorities
18-49-106. Redemption of real property.
(a)(1) In all cases where real property is sold under an order or decree of the circuit court or a court exercising circuit jurisdiction in the foreclosure of mortgages and deeds of trust, the mortgagor or his or her heirs or legal representatives shall have the right to redeem the property so sold.
(2) This may be done at any time within one (1) year from the date of sale, by the payment of the amount for which the property was sold, together with interest thereon, at the rate borne by the decree or judgment, and the cost of foreclosure and sale.
(b) The mortgagor may waive the right of redemption in the mortgage or deed of trust so executed and foreclosed.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 18-49-106
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:18-49-106
Source file: gov.ar.code.title.18.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 2ade94e0ecee99f1533dc7fc0e2bed0b2ba190d776e8f843dbd51038911ceb0c
Source location: content.xml paragraph 11134
Stored source content
18-49-106. Redemption of real property.
(a)(1) In all cases where real property is sold under an order or decree of the circuit court or a court exercising circuit jurisdiction in the foreclosure of mortgages and deeds of trust, the mortgagor or his or her heirs or legal representatives shall have the right to redeem the property so sold.
(2) This may be done at any time within one (1) year from the date of sale, by the payment of the amount for which the property was sold, together with interest thereon, at the rate borne by the decree or judgment, and the cost of foreclosure and sale.
(b) The mortgagor may waive the right of redemption in the mortgage or deed of trust so executed and foreclosed.
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